It looks like RMS is destined to make into the Guinness book of world records to stay highest number of days in the .40-.415 range.
The price has been in this range since 18/04/17 till date, with the exception of 10-12 days of uptick just before and after the GDXJ reshuffle. During this time roughly 260-270 million shares have changed hand on ASX and another 40-50 % on CHI-X. No substantial holder announcement except Ruffer/VanEcK which means same shares are circling back & forth.
Last week I went to Resource Rising Star conference in Sydney to see the MOY CEO.
I was sitting next to a gentleman who was an advanced trader/investor. In the course of speaking he mentioned about RMS and stated huge cash backing, other than that he didn't knew much about the company. I told him I have a decent position and have faith in management. He said everyday he watches closely to make a move but the price is doing nothing. He won't buy until the price starts moving. That was a big eye opening for me and somehow an explanation why the price is not moving.
The price is not moving because new people won't buy until the price moves &
the price won't move until the new people buy.![]()
We holders are scratching our head.
People buy in looking at the prospects but the price does nothing for days & weeks.....they sell.
Next and so on and on.
Suffice to say, somehow RMS is failing to attract enough new buyers.
I am still holding.....but man.....it's testing my patience which everyone has only limited amount.
Maybe gold needs to be 5000 dollars for RMS to move.
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- Ann: Diggers & Dealers Conference - August 2017 Presentation
Ann: Diggers & Dealers Conference - August 2017 Presentation, page-41
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Last
$1.91 |
Change
0.085(4.67%) |
Mkt cap ! $2.180B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.87 | $4.797M | 2.533M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 311 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.91 | 77570 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2695 | 1.890 |
2 | 2695 | 1.885 |
3 | 9529 | 1.880 |
1 | 2695 | 1.875 |
1 | 2695 | 1.870 |
Price($) | Vol. | No. |
---|---|---|
1.915 | 36000 | 1 |
1.920 | 3195 | 2 |
1.925 | 2695 | 1 |
1.930 | 7695 | 2 |
1.935 | 2695 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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RMS (ASX) Chart |